Deck 1: 21st-Century Supply Chains

Question 1

Geographic postponement is characterized by:

A)Timely manufacturing
B)Timely delivery
C)Timely commitment to design
D)None of the above

Answer 1

B

Question 2

Cash-to Cash Conversion:

A)Is typically related to inventory turn
B)Is related to freight payment
C)Is the time required to convert raw materials into finished inventory
D)Is a measure of manufacturing efficiency

Answer 2

A

Question 3

Supply Chain is best described by which of the following:

A)A group of cooperative carriers
B)A group of collaborative companies
C)A formal association of competitive companies
D)Two firms who create a strategic alliance

Answer 3

B

Question 4

concept of postponement:

A)Involves two organizations working together to delay delivery
B)Involves strategic delay of the delivery
C)Seeks to reduce the risk of delivery
D)Seeks to reduce the risk of anticipation

Question 5

integrated service supplier (ISP) seeks to:

A)Provide critical operational functionality in a supply chain
B)Specializes in providing a specialized service
C)Typically brings together two otherwise separate functions
D)None of the above

Question 6

lowest total process cost is:

A)Always the sum of the lowest cost for each involved function
B)Is the lowest cost for each involved function
C)May be the lowest cost for each involved function
D)Typically involves careful cost integration

Question 7

Which of the following best describes an integrative supply chain process:

A)Something that links together independent parts
B)A concept that identifies independent parts
C)A conglomeration of functions
D)The fusion of critical components of a supply chain

Question 8

is the primary reason that time to market has decreased over the past two decades:

A)Improvement in Federal Highways
B)Better Sea Ports
C)Development of Double Stack Containers
D)Information Technology

Question 9

What is dwell time:

A)A key component of system design
B)The ratio of asset idle time to total time required to complete a mission
C)The total time inventory is waiting to be processed.
D)A key concept in manufacturing efficiency

Question 10

Collaboration is the act of:

A)Sharing secret information
B)Working with competitors
C)Integrating a supply chain
D)Legal in selected supply chain arrangements

Question 11

Anticipatory Business Model is best described by which statement:

A)Driven by forecast
B)Driven by information technology
C)Builds on the principles of time-based competition
D)Is a low risk strategy